Jamie Burke, CEO of Outlier Ventures, and Mason Nystrom, a research analyst at Messari, discuss the NFT craze that has enveloped the crypto world over the past few weeks. In this episode, they talk about:
- their backgrounds, and how they became involved in crypto (1:19)
- the major catalysts -- specifically Beeple and NBA Top Shot -- that have brought NFTs into the mainstream (5:29)
- why NFTs are a “megatrend” and not just another ICO-like bubble (13:35)
- how to explain non-fungible tokens to normies (18:06)
- what someone is actually purchasing when they buy an NFT (24:46)
- the reasons behind NBA Top Shot's success and why it is so difficult to withdraw money from its platform (36:27)
- the best way to scale NFTs and why Ethereum, despite severe storage limitations, will most likely remain the most popular blockchain on which to mint NFTs (41:44)
- why the gaming, fashion, and music industries will be disrupted by NFTs (49:37)
- when the current subscription-based business model for content creators will transition to the ownership economy (55:10)
- the differences between the marketplaces and platforms that make up the NFT economy (57:06)
- whether NFT valuations will go to zero and the challenges of appraising digital art (1:03:39)
- their predictions for the market capitalization of NFTs by the end of 2021 (1:15:23)
Thank you to our sponsors!
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Episode Links:
Jamie Burke
- Twitter:
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- Outlier Ventures:
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- Content:
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Mason Nystrom
- Twitter:
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- Messari:
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- Content:
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NFT Sales Mentioned
NFT Guides
Miscellaneous Links:
Flow blockchain: https://www.onflow.org/primer
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